Click here for The Week Ahead by Reuters
Click here for Stocks in Focus for Monday by MarketWatch
There are some economic reports of note and a few significant corporate earnings reports scheduled for release this week.
Economic reports for the week include:
Mon. – NAHB Housing Market Index
Tues. – Housing Starts, Building Permits, weekly retail sales
Wed. – weekly MBA Mortgage Applications report, weekly EIA energy inventory data
Thur. – Initial Jobless Claims, Leading Indicators, Philly Fed.
Fri. – None of note
Some of the more noteworthy companies that release quarterly earnings this week are:
Mon. – Baxter Intl(BAX)
Tues. – Actuant(ATU), Best Buy(BBY), Carnival Corp.(CCL), Darden Restaurants(DRI), Factset Research(FDS), La-Z-Boy Inc.(LZB)
Wed. – Carmax(KMX), Circuit City Stores(CC), Commercial Metals(CMC), Comverse Technology(CMVT), FedEx Corp.(FDX), Morgan Stanely(MS), Sonic Corp(SONC)
Thur. – American Greetings(AM), H&R Block(HRB), Jabil Circuit(JBL), JM Smucker(SJM), John Wiley & Sons(JW/A), McKesson Corp.(MCK), Pir 1 Imports(PIR)
Fri. – Isle of Capri Casinos(ISLE)
Other events that have market-moving potential this week include:
Mon. – The Fed’s Minehan speaking, (UTX) analyst meeting
Tue. – The Fed’s Minehan speaking, former Fed head Volcker speaking, (ALKS) analyst day, (TYC) analyst meeting, William Blair Growth Conference
Wed. – The Fed’s Yellen speaking, (MDT) analyst meeting, (NVDA) analyst meeting, Jefferies Financial Services Conference, William Blair Growth Stock Conference, Merrill Lynch Financial Services Conference
Thur. – (MCK) analyst meeting, William Blair Growth Stock Conference
Fri. – None of note
BOTTOM LINE: I expect US stocks to finish the week modestly higher on buyout speculation, lower long-term rates, bargain hunting, investment manager performance anxiety, better-than-expected earnings reports and short-covering. My trading indicators are giving bullish signals and the Portfolio is 100% net long heading into the week.
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